How has your May been going? For me, it is more of the same which simply means making a monthly stock purchase and staying invested no matter how ugly the world economy is looking. As I said in March and April, I don’t have a crystal ball, nor do I pretend to even attempt to understand what is going on in the markets these days as massive sell offs continue followed by strong gains along with crazy negative prices charted for oil for the first time ever and any other nonsense and manipulations we witness. I just continue to have a long term outlook, continue to invest, diversify my portfolio even more and just hold on. With that being said let’s take a look at my May stock buys.
I have added to my taxable account 20 shares at $28.21 for a total investment of $564.20 in AT&T Inc. (T).
I have added to my taxable account 2 shares at $131.34 for a total investment of $262.68 in General Dynamics Corporation (GD).
I have added to my taxable account 10 shares at $26.80 for a total investment of $268.00 in Leggett & Platt, Incorporated (LEG).
I have added to my ROTH account 2 shares at $180.70 for a total investment of $361.40 in Microsoft Corporation (MSFT).
I have added to my ROTH account 5 shares at $36.59 for a total investment of $182.95 in Altria Group, Inc. (MO).
I have added to my ROTH account 5 shares at $68.08 for a total investment of $340.40 in Philip Morris International Inc. (PM).
I have added to my IRA account 23 shares at $22.40 for a total investment of $515.20 in Iron Mountain Incorporated (IRM).
In total I have put $2,494.83 of fresh capital to work in May… about half my total from the month of April but a solid amount nonetheless. As you can see, I have opted for many smaller buys (in each of my accounts) rather than deploy my cash in just one or two individual stocks. Again, I have no idea about the immediate future but long term, and with a diversified portfolio, I feel I can weather our current economic storm. Of course, these days it seems that no portfolio is immune from those dreaded dividend cuts but by staying the course and continuing to invest and diversifying greatly mitigates any of the nastiness.
What do you think about my recent stock buys? Are you adding anything in May or accumulating/sitting on cash? Please let me know below.
Disclosure: Long all above